POWERED BY MOMENTUM MEDIA
Aviva utilises Navigator technology to cut fees
Allan Griffiths
Aviva has announced that it is cutting fees on its Navigator platform by up to 50 per cent at the same time as allowing customers with investments greater than $300,000 to link all their funds, including superannuation and non-superannuation.
Aviva chief executive officer Allan Griffiths said investors could link up to four accounts between any immediate family members, their companies, trusts and even members of a self-managed superannuation fund.
He said the changes meant that if a customer referred family members, their family would get a discount and the customer’s own fees would fall as well.
“At Aviva, we recognise that an individual may have several accounts with us — investments, superannuation, their partner’s superannuation or maybe a self-managed superannuation fund,” Griffiths said.
He said wraps had traditionally priced each account separately, but Navigator’s n-link technology enabled advisers to link clients’ accounts together online.
“The super industry is booming, as is the Navigator platform,” he said. “We’re taking a lead and giving something back to encourage customers to invest,” Griffiths said.
AUTHOR
Mike Taylor
Recommended for you
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
91.29 3 y p.a(%)
2
L1 Capital International
69.55 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
35.77 3 y p.a(%)
5
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
